Tech giant Apple Inc. has acquired Hyderabad-based machine learning startup Tuplejump as part of efforts to boost its artificial intelligence capabilities. The development was first reported by tech news portal TechCrunch. The startup, which had a dozen employees, was launched by three Indian engine...

Silicon Valley-based big data startup Innovaccer Inc has raised $15.6 million in a Series A round of funding led by Westbridge Capital Partners, with participation by other angel investors. According to a report by The Economic Times, other angel investors who participated in the round included form...

Big Data’s biggest challenge is dumb machines. So even when smart companies make business intelligence a top priority, they often need smart devices to sift through random, unstructured data stored in not-so-smart machines. A Kochi-based startup has come up with a solution to address this problem....

When I started my career in banking in the 1980’s, banking was often referred to as the 3-6-3 business in the US, as bankers would borrow funds at 3% from the depositor, lend the money at 6% and were off to the golf course by 3 o’clock. Today, technology has revolutionised banking, enabling cust...

Angel investors Naganand Doraswamy and Prashant Deshpande have joined hands with Patni Computers’ scions Arihant and Amit Patni, among others, to launch an early-stage venture capital firm Ideaspring to back technology startups in the country. The firm will essentially come at the seed-stage a...

Minetta Brook Inc., a Big Data intelligence startup, has come out of stealth mode and announced it has raised $2 million (Rs 11.8 crore) in seed funding from TiE Angel Group Seattle or TAGS, an angel investment group, and Naya Ventures LP, an early-stage venture fund. TAGS led the seed funding roun...

Mumbai and Silicon Valley-based database infrastructure software developer ScaleArc Inc. has raised $12.3 million in Series C round of funding led by Accel partners. Existing investors Trinity Ventures and Nexus Ventures also took part in the round. The funds will be used primarily to invest in sale...

Accel Partners, the venture capital firm which has backed Facebook and Groupon, has announced the launch of its global $100 million Big Data Fund which will invest in “innovative entrepreneurs seeking to build category-defining companies at every layer of the Big Data stack.” Accel Partners will...